The Second Circuit on Friday dismissed Citibank NA's appeal of a New York federal judge's order preventing it from processing an upcoming payment on $8.4 billion in Argentine sovereign debt, a day after the bank's lawyer argued that the lower court's ruling has "put a gun to our head."
Three former Peanut Corp. of America officials, including its former CEO, were convicted Friday of charges stemming from their roles in enabling the sale of the contaminated peanut products behind a salmonella outbreak that killed at least nine people.
A Citibank NA mortgage broker pled guilty Friday to receiving illegal stock tips from a former Simpson Thacher & Bartlett LLP clerk and relaying the information to another broker by writing ticker symbols on napkins before eating the evidence.
GlaxoSmithKline PLC was fined a record 3 billion yuan ($488.5 million) on Friday for bribing doctors in a verdict handed down by a Chinese court, which also sentenced several of the drugmaker’s executives to up to four years in prison, according to Chinese media reports.
The U.S. Senate on Thursday overwhelmingly approved funding for Syrian rebels to battle the Islamic State militant group, as part of a short-term spending bill that will fund the federal government through early December and avert another shutdown.
Home Depot USA Inc. said Thursday that hackers involved in the store’s recent data breach used “unique, custom-built” malware never seen in previous attacks to access information for 56 million payment cards.